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"Shipowners love the sound of champagne bottles being smashed against the ship"

What keeps the shipping industry from being a sustainable business? Financially, but perhaps also in terms of the climate. The answer comes from someone who, if anyone, knows the industry, and knows what drives it.

Photo: Maersk Gruppen

SINGAPORE

"Shipowners love the sound of champagne bottles being smashed against the ship. They'll stand there with their wife and other people. It's a tradition-filled industry built on dynasties that want to remain in the business."

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